Japanese Shares Slide on Weak Global Sentiment
The Nikkei 225 Index fell 1.7% to drop below 38,200, while the broader Topix Index declined 1.2% to 2,684 on Tuesday, reversing two days of gains as global sentiment soured.
The downturn followed US President-elect Donald Trump's announcement of a 10% additional tariff on all Chinese goods and a 25% tariff on imports from Mexico and Canada, raising concerns over global trade tensions.
Japan, with its heavy reliance on exports to China, remains vulnerable to fluctuations in China's economic activity.
Domestically, investors are also focused on Tokyo's upcoming inflation data, which is seen as a key indicator of broader national price trends. Technology stocks led the decline, with significant losses in companies such as Lasertec (-4.1%), Disco (-3.1%), Advantest (-3.5%), Tokyo Electron (-1.3%), and SoftBank Group (-1.3%) . Additionally, major energy, consumer, and financial stocks also faced substantial losses.
Source: Trading Economics
